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Exhibit 10(iii)A(48)
Acuity Brands, Inc.
Management Compensation and Incentive
Plan
Fiscal Year 2006 Plan Rules for Executive
Officers
During the first quarter of fiscal year 2006,
the Compensation Committee of the Board of Directors of Acuity
Brands, Inc. adopted plan rules for potential cash bonuses to be
earned by executive officers for fiscal year 2006 under the
Corporation’s Management Compensation and Incentive Plan. The
plan rules for each executive officer consist of a target bonus
amount, stated as a percentage of gross salary, subject to the
application of negative discretion by the Committee. The target
bonus is based on achievement of specified financial performance
measures, and the actual bonus earned increases or decreases in
relationship to the level of achievement of the financial
performance measures, with no bonus payable (other than possible
discretionary bonuses) if financial performance is below a
specified threshold level.
The performance measures consist of specified
targets for:
Headquarters-Based Executive
Officers
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Diluted
Earnings per Share, including the effect of asset impairments and
gains or losses on sales of property or business, and
exclu
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